Broadman recalls working with the Chinese leadership on restructuring state-owned enterprises and corporate governance reform in the early 1990s while he was at the World Bank.

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Between 1995 and 2002 (the latest figures available) the number of such jobs fell by 15m in China, mainly due to the restructuring of inefficient state-owned enterprises.

ECONOMIST: Manufacturing employment

Serbia has made progress in trade liberalization and enterprise restructuring and privatization, but many large enterprises - including the power utilities, telecommunications company, natural gas company, national air carrier, and others - remain in state hands.

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The Indonesian government has begun to tackle such important issues as privatization of state enterprises, establishment of a social safety net, the restructuring of the corporate and banking sectors, and bankruptcy reform.

CNN: REFORM IS CRUCIAL

It is dubbed the "Outline for National Tourism and Leisure (2013-2020)" and is a roadmap for restructuring the current paid leave system across China with an aim to encourage governmental agencies, social organizations, enterprises and public institutions to promote the use of leave days.

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"Macroeconomic stability is not yet achieved and a solid basis for sustainable public finances remains to be established... significant restructuring is needed, especially in banking, agriculture and state enterprises, in order to guarantee competitiveness for the economy as a whole, " the EU says.

BBC: Turkey's inflation woes